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WorksheetsEconomic System and Government Notes
Total questions: 10
Worksheet time: 5mins
-based on customs and traditions
-goods and services are shared with all members of the economy.
mixed economy
traditional economy
market economy
command economy
-its a combination of traditional, command and market economies
*all countries have this
command economy
market economy
traditional economy
mixed economy
-government decides what is made and how it is made, other countries may adopt this system during times of emergency such as war.
*Cuba, China, Venezuela, Soviet Union and North Korea.
market economy
mixed economy
command economy
traditional economy
-government is not involved and does not regulate this type of economy, people are free to exchange goods and services, set their own prices. Anyone is free.
mixed economy
command economy
traditional economy
market economy
France, Italy, and UK (national government is much more powerful)
federal
unitary
democracy
government
US, India, and Mexico (shared power)
political parties
democracy
unitary
federal
people + rule
parliamentary democracy
democracy
constitutional democracy
executive
head of state and head of government are different people
presidential democracy
parliamentary democracy
monarchy
constitutional
groups that compete against each other for control of the government
traditional monarch
monarchy
President Obama vs President Donald Trump
political parties
a person that is elected directly by the citizens
executive
presidential democracy
monarchy
Queen Elizabeth
